Lee Terry: “I, too, rise, sticking up for American families that are struggling with the high prices of many products right now…”

“I, too, rise, sticking up for American families that are struggling with the high prices of many products right now, most of which I hear from my constituents in Nebraska is about the price of gasoline at the pump. I hear about the groceries as well. And of course then when I see a bill like this, the bill that we have up now about making sure that our beaches are clean and we have plans for that, unfortunately under the leadership of the House and Senate currently now, my first thought isn't well, that's absolutely right, we need to keep our beaches clean. My first thought is, is this another environmental tool to make sure that we can't get to drilling in places where we need to get? Now, the frequently asked question about gasoline prices is, what are you going to do about it? Well, we have a couple of options that I think could alleviate some of the pressure. One is, we can take the 1970s actions done by the Nixon administration to simply set the price. We will set the price. We will freeze them; $3.30 at my home, we can freeze that. Well, what did that do? Created about a half mile line for gas. And then maybe if you pulled up to the pump, you might see that little white piece of paper that said ``out of gas.'' We can go back to that. But the gas prices would be stable. But running out of gas begs the question, the question is, what's causing this? Now, obviously it's just simple high school economic supply and demand, folks.…”